In order to reimagine the future of independent insurance, the same parts were officially launched with a $10 million acquisition capital and were supported by equal risk and the largest venture capital. This Austin-based startup isn’t your typical insurance player, it’s the next generation agency with a mission to blend cutting-edge AI with powerful human relationships that define the insurance industry over the long term.
People-oriented technological revolution
In an industry plagued by consolidation and digital fatigue, equal parts are taking a refreshing stance. Rather than replacing human agents with chatbots or fully automated workflows, the company enhances human touch with AI-powered infrastructure that can solve the prosperity behind the scenes.
For automation reasons, consider automation less and learn more about tools to expand agency capabilities: automatic quote generation, intelligently manage venture portfolios, and provide actionable insights for cross-selling and Upsell opportunities without damaging customers’ most valuable relationships.
“In the same part, we believe that the future of insurance is equal innovation and relationships, equal technology and traditions,” explain Mike WittCEO and co-founder. “The winner in this field will be the ones who bring both of these parts to the extreme – we’re here to do that.”
Witte is no stranger to scaling service-driven businesses. He used to be a co-founded Workrise (formerly Rigup), transforming it into a $2.9 billion energy service platform. Now, he is applying the same script to insurance – starting with a small and powerful independent institution.
Why is it important now
The time is urgent. The independent insurance industry is on the verge of large-scale generational mobility, with 50% of agents expected to retire within the next decade, with fewer young professionals entering the field. Meanwhile, many organizations are burdened by fragmented software, manual processes and outdated systems that stifle growth.
Enter equal parts.
The company aims to acquire the following $5 million in revenue agents (parts often overlooked by traditional private equity) and inject them into machine learning tools that handle repetitive tasks such as document processing, client onboarding, and claim management.
By automating GUNT’s work, agents are free to focus on what matters: customer service, strategic consulting and relationship building.
Who is in the equal part?
The founding team brings deep technical and operational expertise:
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CEO Mike Witte previously scaled his work to a multi-billion-dollar platform.
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Operations leader Mike Meller led Workrise’s acquisition strategy and brought keen attention to growth through mergers and acquisitions.
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Technical Lead Graham Yennie specializes in applied machine learning and builds AI solutions that solve real-world business problems rather than chasing buzzwords.
Yennie and his team focus on deploying intelligent systems that act as power multipliers (rather than alternatives) of human expertise. Their technology stack includes natural language processing (NLP) to understand customer communications, predictive analytics for customer retention, and AI-assisted CRM tools to simplify complex workflows.
Equal method: different designs
Where most private equity firms see insurance institutions as opportunities to cut costs, the same portion can see the potential for growth through authorization. Their model not only retains the culture of these institutions—it modernizes the human-first way of thinking.
“Our technology cannot replace human elements.” explain Meller. “It enhances it by removing the administrative burden of often preventing small business owners from prioritizing customer-centric work.”
The company has closed its first acquisition and has more to go on track for the next 90 days. This marks the beginning of a new era of what they call human-centric AI-enhanced insurance.
Build a better ecosystem, one institution at a time
The equal part is not just a roll-up strategy, it is a movement. With each acquisition, the company brings agents into a collaboration platform where they retain autonomy while also having access to tools to enhance their business.
The agent sat down at the table. Customers get better service. The entire industry has undergone much-needed upgrades.
The company’s broader goals? Introduce a new generation of tech-savvy insurance professionals who don’t have to choose between innovation and empathy.
